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According to cnet Facebook denies desires to buy Chinese social network:
According to a Monday report in The Times, Facebook offered $85 million for Zhanzuo, which has about 7 million active users. (Facebook has slightly more than 50 million, about 100,000 of which are in China, according to The Times.)
While the newspaper cited a Facebook spokeswoman in reporting that Zhanzuo CEO Jack Zhang is “acquainted” with Mark Zuckerberg and that “there could be more information by the end of the month,” a Facebook representative on Monday afternoon denied to CNET News.com that any such offer exists.
“No offer has been made, and no acquisition of any company in China is being considered by Facebook,” the representative wrote in an e-mail. “We do not know who the spokeperson is that they are referring to in The Times story and were never contacted by the paper to confirm the accuracy of this story.”
Read more here: http://www.news.com/8301-13577_3-9820048-36.html?part=rss&subj=news&tag=2547-1_3-0-5
Very interesting. So far Facebook hasn’t done much in the way of major acquisition’s, aside from Parakey and they would face some stiff competition from the likes of MySpace and Friendster, both of them are already in Asia. We’ll have to wait and see what happens over the next few months.
